What's Left, step 7 of 7: What's left each month?
Budget calculator
Split your take-home pay into needs, wants and savings with the 50/30/20 rule.
You could save
£478.66
a month, leaving £1,196.65 for needs and £717.99 for wants.
Your budget
| Item | Month |
|---|---|
| Needs (50%): rent, bills, food, transport | £1,196.65 |
| Wants (30%): eating out, hobbies, holidays | £717.99 |
| Savings and debt (20%) | £478.66 |
| Take-home pay | £2,393.30 |
This is an estimate, not financial advice.
If money's tight, free help is available
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How the 50/30/20 rule works
Half of your take-home pay covers essentials, 30% covers the things you enjoy, and 20% goes to savings or paying off debt.
If your rent is high, a 60/20/20 split is often more realistic. Not sure of your take-home pay? Work it out with our take-home pay calculator.
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These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.